Price for Cereals; Grain Sorghum, Other than Seed in Spain - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Spain (CIF) - 2023
- Price for Cereals; Grain Sorghum, Other than Seed in Spain (FOB) - 2022
- Imports of Cereals; Grain Sorghum, Other than Seed in Spain
- Exports of Cereals; Grain Sorghum, Other than Seed in Spain
Price for Cereals; Grain Sorghum, Other than Seed in Spain (CIF) - 2023
The average import price for cereals; grain sorghum, other than seeds stood at $303 per ton in August 2023, which is down by -3.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 16% month-to-month. The import price peaked at $335 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Ukraine ($425 per ton), while the price for France totaled $293 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+0.2%).
Price for Cereals; Grain Sorghum, Other than Seed in Spain (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $524 per ton in 2022, jumping by 45% against the previous year. Over the period under review, the export price saw temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($620 per ton) and the Netherlands ($593 per ton), while the average price for exports to Portugal ($487 per ton) and France ($559 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Grain Sorghum, Other than Seed in Spain
In 2022, overseas purchases of cereals; grain sorghum, other than seeds were finally on the rise to reach 200K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a noticeable shrinkage.
In value terms, imports of cereals; grain sorghum, other than seeds skyrocketed to $74M in 2022. Overall, imports, however, showed a abrupt decline.
| Import of Cereals; Grain Sorghum, Other than Seed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 71.3 | N/A | N/A | 48.1 | -12.3% |
| France | 9.9 | 13.1 | 18.6 | 21.1 | 28.7% |
| Ukraine | 6.0 | 8.3 | N/A | 3.7 | -14.9% |
| Others | 2.5 | N/A | N/A | 0.8 | -31.6% |
| Total | 89.7 | 21.4 | 18.7 | 73.7 | -6.3% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Spain in 2022:
- United States (118.4K tons)
- France (68.0K tons)
- Ukraine (11.5K tons)
Exports of Cereals; Grain Sorghum, Other than Seed in Spain
In 2022, approx. 4.7K tons of cereals; grain sorghum, other than seeds were exported from Spain; increasing by 371% compared with the previous year's figure. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds surged to $2.5M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 403 | 462 | 265 | 1,534 | 56.1% |
| Belgium | N/A | 200 | 2.2 | 545 | 65.1% |
| Netherlands | N/A | 11.0 | N/A | 200 | 326.4% |
| France | 0.6 | 58.6 | 92.9 | 174 | 561.9% |
| Others | 7.7 | 16.4 | 0.1 | 3.1 | -26.2% |
| Total | 411 | 749 | 360 | 2,456 | 81.5% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Spain in 2022:
- Portugal (3146.3 tons)
- Belgium (879.1 tons)
- Netherlands (337.7 tons)
- France (311.3 tons)
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